at 5:30 today the Senate is going to cast a very important vote to people in many States, not just the State of Louisiana, which I have had the honor and the privilege of representing now for almost 18 years, but to States from one end of this country to the other, including coastal States and interior States, on an issue that is very important to homeowners and business owners alike. The vote we are going to cast is a vote to begin debating a Menendez-Isakson bill that will fix the many urgent problems that have presented themselves in a recently passed bill called Biggert- Waters. Biggert-Waters is a bill that had wonderful intentions, which were to strengthen the flood insurance program and to make it self-sustainable. It is a program many people depend on. It is a public-private partnership that provides affordable flood insurance for the middle class. But the bill was built backward and upside down. The bill had good intentions, but it has had very detrimental consequences. So the bill we are going to vote to go to debate on--the Menendez-Isakson bill--is really a good-faith attempt to correct some of the problems with Biggert-Waters and to lead us in a direction to a place where this country can have a public-private partnership for flood insurance that actually works for the taxpayer, for the millions and millions of people--5 million plus--who are going to have to have flood insurance, whether they have had it in the past or not.…
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